\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A close look at the daily chart indicates a lengthy sequence of correctional retracements that culminated with the price establishing support in a critical zone.<\/p>\n\n\n\n

This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
ETH\/USD<\/a> shows the potential of retesting the $3.5K - $3.6K zone after rejecting a move below the support at $3,024. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

A close look at the daily chart indicates a lengthy sequence of correctional retracements that culminated with the price establishing support in a critical zone.<\/p>\n\n\n\n

This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
\"\"
ETH\/USD<\/a> shows the potential of retesting the $3.5K - $3.6K zone after rejecting a move below the support at $3,024. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

A close look at the daily chart indicates a lengthy sequence of correctional retracements that culminated with the price establishing support in a critical zone.<\/p>\n\n\n\n

This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

Bitcoin Halving is Coming<\/h2>\n\n\n\n

Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 4 5 6 7 8 22

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • ETH\/USD price still requires to break the 50 EMA resistance around $$3,284 to establish a fresh bullish trend.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> shows the potential of retesting the $3.5K - $3.6K zone after rejecting a move below the support at $3,024. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    A close look at the daily chart indicates a lengthy sequence of correctional retracements that culminated with the price establishing support in a critical zone.<\/p>\n\n\n\n

    This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

    From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

    Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

    Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

    During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

    Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

    The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

    See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

    Bitcoin Halving is Coming<\/h2>\n\n\n\n

    Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

    As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 4 5 6 7 8 22

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The price is now testing minor resistance at $3,200 and indicating the development of short-term bullish momentum.<\/li>\n\n\n\n
  • ETH\/USD price still requires to break the 50 EMA resistance around $$3,284 to establish a fresh bullish trend.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> shows the potential of retesting the $3.5K - $3.6K zone after rejecting a move below the support at $3,024. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    A close look at the daily chart indicates a lengthy sequence of correctional retracements that culminated with the price establishing support in a critical zone.<\/p>\n\n\n\n

    This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

    From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

    Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

    Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

    During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

    Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

    The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

    See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

    Bitcoin Halving is Coming<\/h2>\n\n\n\n

    Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

    As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 4 5 6 7 8 22

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • ETH bears failed to break the support level at $3,024 after making several attempts since 13th April.<\/li>\n\n\n\n
  • The price is now testing minor resistance at $3,200 and indicating the development of short-term bullish momentum.<\/li>\n\n\n\n
  • ETH\/USD price still requires to break the 50 EMA resistance around $$3,284 to establish a fresh bullish trend.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> shows the potential of retesting the $3.5K - $3.6K zone after rejecting a move below the support at $3,024. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    A close look at the daily chart indicates a lengthy sequence of correctional retracements that culminated with the price establishing support in a critical zone.<\/p>\n\n\n\n

    This range includes the large price range between $3,190 and $2,972, as well as the 100-day moving average of $3,050.<\/p>\n\n\n\n

    From the technical point of view, this range is important because it draws a lot of demand, which may prevent market sellers from pushing prices further lower. A slight divergence between the price and the RSI indicator also points to the possibility of a strong rebound that aims to retake the $3.5K barrier.<\/p>\n\n\n\n

    Even yet, a sudden break below this crucial support zone would set off a chain reaction that would push prices all the way down to the 200-day moving average, which is currently at $2.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Exceeding The 50 EMA To Initiate The Bullish Momentum Above $65K, ETH Remains In Consolidation Mode Around $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-exceeding-the-50-ema-to-initiate-the-bullish-momentum-above-65k-eth-remains-in-consolidation-mode-around-3k","to_ping":"","pinged":"","post_modified":"2024-04-21 23:04:46","post_modified_gmt":"2024-04-21 13:04:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16491,"post_author":"15","post_date":"2024-04-21 10:09:53","post_date_gmt":"2024-04-21 00:09:53","post_content":"\n

    Entrepreneur and Dallas Mavericks owner Mark Cuban recently discussed the implications of the upcoming Bitcoin halving. He emphasized its significant impact on miner revenues.<\/p>\n\n\n\n

    During an interview <\/a>with The Block, Cuban pointed out that the halving will reduce mining rewards from 6.25 BTC to 3.125 BTC, effectively slashing the income for bitcoin miners by nearly half. However, Cuban expressed greater curiosity about the role artificial intelligence (AI) might play in the mining sector, especially concerning the demand for GPUs.<\/p>\n\n\n\n

    Cuban highlighted the intense competition between AI's needs for GPUs and cryptocurrency mining's demands. He questioned whether the economic landscape of mining could be altered by the booming AI industry, asking if it might be more profitable to utilize GPUs for AI model training rather than mining. This issue primarily affects miners using GPUs for cryptocurrencies other than Bitcoin, which typically relies on ASIC machines.<\/p>\n\n\n\n

    The intersection of AI and cryptocurrency mining is already seeing practical applications, with companies like Xive and Hive Digital Technologies expanding into AI to bolster their primary mining operations. <\/p>\n\n\n\n

    See Related:<\/em><\/strong> Cryptocurrency Statistics And Insights (2022)<\/a><\/p>\n\n\n\n

    Bitcoin Halving is Coming<\/h2>\n\n\n\n

    Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years, or after 210,000 blocks are mined. During a halving, bitcoin miners' reward for verifying transactions and adding them to the blockchain is reduced by half. This mechanism was designed by Satoshi Nakamoto, the anonymous creator of Bitcoin, to control inflation by limiting the total number of bitcoins that can ever be in circulation to 21 million.<\/p>\n\n\n\n

    As of writing, the price of Bitcoin is at $63,760, and 2 blocks remaining until the next Bitcoin halving.<\/p>\n","post_title":"Bitcoin Halving To Slash Miner Earnings, Cuban Eyes AI Shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-halving-to-slash-miner-earnings-cuban-eyes-ai-shift","to_ping":"","pinged":"","post_modified":"2024-04-21 10:10:00","post_modified_gmt":"2024-04-21 00:10:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 4 5 6 7 8 22

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n